BitAngels' Michael Terpin on the 'Long Road Ahead' for Bitcoin
Last month marked a milestone of sorts for Michael Terpin. BitAngels, the first "serious" angel network in bitcoin, celebrated its second birthday. Things are markedly different since the group's first impromptu meeting at the Bitcoin Foundation's Bitcoin 2013 conference. After sending out a Reddit invite with the goal of six or seven people showing up, Terpin and co-founders David Johnston and Sam Yilmaz had 35 attend (60 joined within a week). "The spirit of discovery and camaraderie from those early days was magical and unforgettable," said Terpin. "When we did our first set of fundings....
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BitAngels, which is considered the largest bitcoin angels network, celebrated its second anniversary this week. The group was founded in an impromptu meeting during the Bitcoin Foundation's Bitcoin 2013 Conference, with co-founders Michael Terpin, David Johnston and Sam Yilmaz. The invitation was sent through a Reddit invite and at least 35 bitcoin enthusiasts attended, later on growing in size to around 60 members after a week. Today, over 500 investors make up BitAngels' decentralized global network. Bitcoin Angel Network Activities. "The spirit of discovery and camaraderie from those....
One time-tested measurement of an industry's promise is the amount of investment capital flowing into new ventures in the space, and now angel investor group BitAngels has closed a new fund that highlights the bright future of digital currencies and decentralised applications. Billed as the world's first "distributed veteran entrepreneur and angel investor group," BitAngels has been an active organization in the bitcoin community, having invested $7m into digital currency startups since its inception in 2013. BitAngels co-founders Michael Terpin and David Johnston sat down with CoinDesk at....
Image: Twitter. Well-known Bitcoin investor Michael Terpin believes Bitcoin is now at the point in its evolution where Bitcoin firms can reach out directly to the consumer, citing Purse.io as an example of success in this pursuit. "I think now we are the moment in Bitcoin where enough of the infrastructure has been built up we can serve the consumer," Terpin said. "In January 2014, I said at a conference that you could not have the Google of Bitcoin until you have the Yahoo, and you can't have the Netscape until you have the Cisco. Cisco is the mining equipment and brick-and-mortar of the....
Startup incubator BitAngels announced today that it has invested somewhere on the order of $7 million (close to 7,000 BTC) in bitcoin-related start-up businesses since May of 2013. BitAngels has invested the funds into about 12 companies, of which include mining hardware manufacturer CoinTerra, instant bitcoin exchanger Cash Into Coins, and GoCoin. "It has been an incredible time for Bitcoin since the May 2013 Bitcoins show in San Jose, and it has been an even more incredible one for BitAngels," said David A. Johnston, who serves as Executive Director of the incubator. "Like the digital....
Michael Terpin is a serial entrepreneur in marketing and cryptocurrency. His bitcoin endeavors include BitAngels, Bitcoin Syndicate and CoinAgenda. In this article, he looks back on his journey in the bitcoin industry since he first got involved in May 2013. It's been a little over 16 months since I first set foot in my first bitcoin convention in late May 2013. As I'd noted in a socalTECH post right after I returned, I thought bitcoin and cryptocurrency was poised to grow dramatically, disrupt economies and increase in value. It was $120 per bitcoin way back then, down from its "all-time....